Category: Markets
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Reserve Bank of Australia Holds the Cash Rate at 4.35%
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The Reserve Bank of Australia today left its cash rate target unchanged at 4.35%, sticking to its hawkish stance on inflation while acknowledging economic uncertainty. The decision was widely expected by market participants, as explained and forecasted in Babypips.com’s event guide. Key points from the RBA statement: Inflation remains above…
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AUDUSD buyers take the price of the pair to highest level since July 2024
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The AUDUSD pair is moving higher today. The Reserve Bank of Australia kept interest rates unchanged: The Reserve Bank of Australia (RBA) was the latest central bank to announce its policy target when it left the cash rate unchanged at 4.35% in September 2024, as expected. The central bank noted…
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Intel Markets soars with $1m Quantum AI research grant as XRP, LINK sinks
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Ripple’s never-ending drama takes a new turn, Chainlink sparks outflows after token unlock, Intel Markets gains attention. The cryptocurrency market is a high-stakes game, and the stakes have never been…
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Intel Markets soars with $1m Quantum AI research grant as XRP, LINK sinks
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Ripple’s never-ending drama takes a new turn, Chainlink sparks outflows after token unlock, Intel Markets gains attention. The cryptocurrency market is a high-stakes game, and the stakes have never been…
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Stocks Rally Stalls as Consumer Sentiment Hit: Markets Wrap
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(Bloomberg) — U.S. stocks fell after consumer confidence unexpectedly fell to a three-year low, while bonds came under pressure ahead of a Treasury auction on Tuesday. Most Read from Bloomberg The S&P 500 fell 0.2% — the benchmark stock index had a record close in the previous session. The Nasdaq…
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Citi doubles down on bearish EUR/USD stance By Investing.com
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Investing.com – Citigroup Inc. reinforced its bearish stance, citing recent disappointing European economic activity data. Data released earlier this week showed that business activity in the eurozone contracted sharply this month. The preliminary HCOB business confidence index, compiled by S&P Global, fell to 48.9 this month from 51.0 in August,…
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Chart Art: Potential Pullback Levels on Silver (XAG/USD)
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This precious metal appears to have broken out of the reversal pattern we were observing earlier and is now gaining momentum on its upward move. Could it see a major correction soon? Check out these turning points I’m watching on the 4-hour chart! Silver (XAG/USD) Forex 4 Hours Chart by…
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The CAD is the strongest and the JPY is the weakest as the NA session begins
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As the North American session begins, the Canadian dollar is the strongest and the Japanese yen the weakest. The US dollar started the day with a mixed performance as US stocks edged up slightly and yields continued to rise despite the Federal Reserve’s 50bp rate cut last week to recalibrate…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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Dollar stabilizes, euro rebounds after selloff By Investing.com
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Investing.com – The U.S. dollar was steady on Tuesday, while the euro tried to recover from the previous session’s heavy losses. At 04:00 ET (08:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was steady at 100.575, just above its lowest level in…
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Dollar stabilizes, euro rebounds after selloff By Investing.com
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Investing.com – The U.S. dollar was steady on Tuesday, while the euro tried to recover from the previous session’s heavy losses. At 04:00 ET (08:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was steady at 100.575, just above its lowest level in…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?
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The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works…
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Copper Technical Analysis – The PBoC triggers a strong rally
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Basic Overview The People’s Bank of China announced a series of easing measures tonight, ranging from short-term to long-term interest rates. This was the catalyst for the rise in copper prices. Things are starting to look better for the market as we also got a 50bps rate cut from the…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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China’s Leapmotor and Stellantis open orders in Europe for budget EVs By Reuters
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MILAN (Reuters) – Chinese automaker LibMotor and partner Stellantis said on Tuesday they would start taking orders in Europe for a city car and an SUV as they expand their low-cost electric vehicle offering in the region. Stellantis owns a 51% stake in its joint venture Leapmotor International and has…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…